Residential Development in Newcastle
Land Off Chapel Street, Silverdale, Newcastle ST5 6QA
- Lot No: 76
- Property Type: Residential Development
- Contract Type: Unconditional with Variable Fee
Guide Price* £320,000+ plus fees
Property Description
The site comprises an L shaped parcel of land extending to 0.29 acres, which has been developed to varying levels. The bungalow has been built to shell with roof, windows, floor and brickwork complete. The townhouses have been built with block and beam floor, drainage connected and outer brickwork to DPC. The site benefits from planning permission (Application 16/00088/FUL) to construct 5x 3 bedroom, three-storey townhouses and 1x 2 bedroom bungalow. The townhouses will comprise a lounge, kitchen diner, 3 bedrooms, bathroom and en-suite to master. The bungalow comprises a lounge/kitchen diner, 2 bedrooms and bathroom. Each plot will come with 2 x parking spaces. The site represents a great opportunity to finish off a development in a popular residential location in Silverdale. LOCATION The site has frontage to Church Street and side on to Chapel Street, where similar newbuild property already exists. The location is a 10 minute walk from the popular walking location of Silverdale Country Park. SITE AREA Using Ordinance Survey ProMap we calculate the site to extend to 0.29 acres. PLANNING PERMISSION On the 3rd February 2016 Newcastle-under-Lyme borough Council granted full permission (Application no: 16/00088/FUL) to build proposed housing development of 6 dwellings. GROSS DEVELOPMENT VALUE The scheme comprises the following 5 x 3 bed townhouses 1 x 2 bed bungalow The agents estimate that the 3 bedroom townhouses should achieve circa £195,000 and the bungalow £210,000 depending on specification. The above generates a gross development value in the region of £1,185,000. SERVICES We understand that no mains services are connected but are available. We advise interested parties to make their own enquiries with the relevant utility companies. VAT The sale price is not subject to VAT. TENURE Available freehold
Potential
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
Note
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 26th October 2023
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454